Sudden, unexpected financial hurdles can pop up from anywhere. Medical emergencies, the need to purchase a second-hand car, home improvement needs or pending credit card dues, one has to be prepared for all of them at all times. The key to face these financial obstacles is to either have good old savings in place or apply for quick online short term loans.
Timely EMI Repayment
While the loan can be applied online within minutes, you have to be diligent with your expenses and spending habits to pay back the loan on time. Therefore, make it a habit to review your budget occasionally and tweak the little things that will ensure you have the funds to pay your EMIs on time. Build up your savings so that you are able to prevent a drop in your credit score.
Overcoming financial difficulties to pay your EMIs is not easy. You will need to set some clear priorities for yourself or your spouse. Identify ways to achieve your smaller goals such as carrying forward some cash from the previous month so that you can clear your housemaid’s dues or paying for an extra Swiggy and Zomato order this month. By persevering with your financial plan you can overcome the challenges with ease.
Managing Finances To Pay EMI
Let’s analyze the lives of a newly-wed couple who are both salaried and are all ready to start with some financial planning to pay off their home improvement personal loan. For the purpose of this article we will identify the couple with respective names as Husband and Wife. The Husband is aged 33 years with the Wife being 28.
The Husband has recently applied for a home improvement personal loan. The couple are also planning to have their first child, and this obviously means they have to ensure that their expenses are planned, payments tracked and savings managed well. Although just married, the couple are still in a somewhat honeymoon mode. The serious sombre nature of savings and fund management has not clicked in yet. The home improvement loan is for a tenure of 3 years, so it is bound to intertwine with the birth of their first child.
Add to this, the couple are also committed to achieving their smaller short-term goals such as traveling to new places and beautifying them home further with some cool consumer electronics. Being married for 2 months now, they need to start building a sort of emergency corpus.
The cash gifts from the wedding are a great way to start a small fund. Both are earning so it’s essential that both save rather than the usual approach where one partner spends and the other saves.
A key step when starting to manage your income, savings and expenses is to work out a plan. Every once-in-a-while, take time out to review the transactions and your repository amount. Check if there is progress being done. See if any adjustments have to be made. If you are struggling then, speak to your partner or a close friend and start all over again. Fine-tuning is a must.
Personal Loan in India
If you are just married and need to populate your new home with home appliances or buy new clothes; you might be looking for a funding solution that will help you spend on the required commodities. A personal loan from Loan Singh can get you sorted with the home appliances aspect, but what about the clothing, grocery and accessory needs?
If you are earning enough then there is nothing to worry when applying for a personal loan, which can be termed as a consumer durable loan. Shopping loan is another financial opportunity that is not offered to everyone. Being salaried for at least 6 months, with no credit blemishes, are the traits of someone who can avail a shopping loan in India.
So what makes a personal loan stand out compared to credit cards or borrowing from a ‘langotya yaar’. What you need to understand is that a personal loan is a credit instrument that is different compared to a credit card loan or borrowing from a friend. We, at Loan Singh, want you to upgrade your aspirations and your lifestyle. There is no harm in upgrading your gadgetry or dressing sense. You are salaried and need to look your best. A whole new range of smartphones is being released with awesome features each year. World famous designers have their designs being sold online in India. Summer wear and spring collection are now being made affordable and easy. So, why not join the winds of change. Loan Singh’s finance blog tells you about everything related to unsecured personal loans in India.
Personal Loan Benefits in India
Loan Singh’s hassle-free process and quick approval personal loans are perfect for salaried individuals like you who are too busy to even get a rest. The attractive EMIs and interest rates at Loan Singh, make personal loans affordable to repay back. Add luxury to your mundane lives without putting too much strain on your finances. Your dreams are our dreams. We help turn your dreams into reality. Brand new appliances and electronic products are also needed in case you are relocating due to your job. The job relocation personal loan at Loan Singh helps cover exactly this.
Loan Singh’s easy EMI calculator can help you understand how much you need to pay in order to clear your consumer durable loan. The calculator only needs your intending loan amount and tenure for telling you how much you need to pay each month. A personal loan can be availed between Rs. 50,000 and Rs. 5 Lakhs.
Another huge benefit you have with a Loan Singh online personal loan is that you have the freedom to choose where you want to spend your loan amount on. You can apply for a shopping loan and utilize the cash to spend on an Amazon, some on Flipkart or some on Snapdeal. Unlike so many ecommerce websites that let you gain discounts for possessing a debit card or points of a particular finance provider, Loan Singh’s personal loan can be utilized to be spent on the website you want and on the product you want to spend on.
About Loan Singh
Loan Singh is a digital lending platform that prides in providing online personal finance loan or unsecured personal loan to salaried individuals. You can apply for quick funds as an easy emergency loan which is not a bank loan. We provide a loan with the best personal loan interest rates. The instant funds, or instant loans, are loans between Rs. 50,000 and Rs.10,00,000 taken for purposes such as:
- Home improvement loan/Home renovation loan
- Marriage loan/ Wedding loan
- Medical loan
- Used vehicle loan
- Consumer durable loan
- Vacation loan
- Debt consolidation loan
- Credit card refinancing loan
- Job relocation loan
- Smartphone loan
- Travel loan
- Festival loans
- Gold jewelry loan
- Shopping loan
- Lifestyle loan
- Short term loans
You can calculate your easy EMIs using our personal loan EMI calculator. We accept bank statement and PAN, for quick loan approval. A bad credit score or credit report errors can lead to personal loan rejection. The ‘Loan Singh Finance Blog’ is one of the best finance blogs in India. Loan Singh is a product of Seynse Technologies Pvt Ltd and is a partner to the Airtel Online Store.
Loan Singh’s Online Presence
Loan Singh is not an anonymous digital platform. We are present on almost all leading social media platforms. All you need to do is look for us. You can find us on Loan Singh Facebook, Loan Singh Twitter, Loan Singh Google+, Loan Singh YouTube, Loan Singh Pinterest, Loan Singh Instagram, Loan Singh LinkedIn, Loan Singh Blogarama, Loan Singh Google Business, Loan Singh Bank Bazaar, Loan Singh Medium, Loan Singh Reddit, Loan Singh Tumblr, Loan Singh Scoop It, Loan Singh Feed, Loan Singh Storify, Loan Singh Digg, and Loan Singh Blogger.
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